FY2024 Earnings Forecast for PZZA Issued By KeyCorp

Papa Johns International, Inc. (NASDAQ:PZZA) – Equities research analysts at KeyCorp issued their FY2024 EPS estimates for Papa Johns International in a research report issued on Wednesday, November 13th. KeyCorp analyst E. Gonzalez expects that the company will post earnings per share of $2.20 for the year. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for Papa Johns International’s current full-year earnings is $2.23 per share. KeyCorp also issued estimates for Papa Johns International’s Q4 2024 earnings at $0.49 EPS.

Papa Johns International (NASDAQ:PZZA) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $506.80 million during the quarter, compared to the consensus estimate of $497.28 million. Papa Johns International had a negative return on equity of 19.61% and a net margin of 4.51%. Papa Johns International’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS.

A number of other equities research analysts have also recently commented on PZZA. Wedbush reissued an “outperform” rating and issued a $60.00 price objective on shares of Papa Johns International in a research note on Friday, November 8th. Bank of America raised their price objective on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. UBS Group upped their target price on Papa Johns International from $47.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Stephens reissued an “overweight” rating and set a $62.00 price target on shares of Papa Johns International in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Papa Johns International from $58.00 to $45.00 and set a “hold” rating for the company in a report on Friday, August 9th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.82.

Papa Johns International Stock Up 2.1 %

Shares of PZZA stock opened at $47.85 on Monday. The stock has a market cap of $1.56 billion, a P/E ratio of 16.67, a P/E/G ratio of 2.37 and a beta of 1.19. Papa Johns International has a fifty-two week low of $39.90 and a fifty-two week high of $78.67. The business has a fifty day simple moving average of $51.78 and a 200-day simple moving average of $48.56.

Hedge Funds Weigh In On Papa Johns International

A number of large investors have recently modified their holdings of PZZA. Bares Capital Management Inc. purchased a new position in Papa Johns International in the third quarter valued at approximately $363,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Papa Johns International by 19.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 66,473 shares of the company’s stock valued at $3,581,000 after acquiring an additional 10,964 shares in the last quarter. MML Investors Services LLC acquired a new stake in Papa Johns International in the 3rd quarter valued at $266,000. Dean Investment Associates LLC purchased a new position in Papa Johns International in the third quarter valued at about $2,936,000. Finally, XTX Topco Ltd acquired a new position in shares of Papa Johns International during the third quarter worth about $621,000.

Papa Johns International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.46 per share. The ex-dividend date is Monday, November 18th. This represents a $1.84 annualized dividend and a yield of 3.85%. Papa Johns International’s dividend payout ratio is presently 64.11%.

Papa Johns International Company Profile

Papa John’s International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John’s trademark in the United States and internationally. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.